Russia’s regulated cryptocurrency market is set to open with potentially substantial trading activity as banks and brokers prepare to bring more crypto transactions into domestic financial infrastructure.

Sberbank expects regulated Russian exchanges to process between 3.5 trillion and 4 trillion rubles, or as much as roughly $46 billion, during the first year of the new framework. By 2029, annual volume could reach around 7.5 trillion rubles.

Russia Opens Crypto Trading to a Wider Investor Base

Under the new rules, both qualified and ordinary investors can access cryptocurrency through regulated intermediaries.

Non-qualified investors face a 300,000-ruble annual purchase limit per intermediary and must pass a knowledge test. Qualified…